Marico allots 32200 Shares under ESOP Scheme

The Members of the Corporate Governance Committee of the Board of Directors of Marico Ltd have vide resolution passed through circulation on March 18, 2011 approved allotment of 32,200 equity shares of the Company of the face value of Re. 1 each under the existing Marico Employees Stock Options Scheme 2007.

Consequent to the above allotment, the paid-up share capital of the Company has increased from 61,43,67,350 equity shares of Re. 1 each aggregating Rs. 61,43,67,350 to 61,43,99,550 equity shares of Re. 1 each aggregating Rs. 61,43,99,550.

The stock was trading at Rs.135.70, up by Rs.2.10 or 1.57%. The stock hit an intraday high of Rs.136.45 and low of Rs.133.25.

The total traded quantity was 6076 compared to 2 week average of 25495.

Source : Equity Bulls

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